iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) Short Interest Up 1,635.4% in April

iShares GSCI Commodity Dynamic Roll Strategy ETF (NASDAQ:COMT) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 289,490 shares, a growth of 1,635.4% from the April 15th total of 16,681 shares. Based on an average trading volume of 601,186 shares, the short-interest ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Balefire LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter valued at approximately $1,736,000. Assetmark Inc. raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1,022.2% in the 1st quarter. Assetmark Inc. now owns 2,558,624 shares of the company’s stock valued at $86,507,000 after acquiring an additional 2,330,619 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF in the 1st quarter valued at approximately $538,000. Nolet Wealth Management LLC raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 14.9% in the 1st quarter. Nolet Wealth Management LLC now owns 15,017 shares of the company’s stock valued at $508,000 after acquiring an additional 1,943 shares in the last quarter. Finally, Nwam LLC raised its stake in shares of iShares GSCI Commodity Dynamic Roll Strategy ETF by 1.8% in the 1st quarter. Nwam LLC now owns 200,180 shares of the company’s stock valued at $6,768,000 after acquiring an additional 3,518 shares in the last quarter. 1.80% of the stock is owned by institutional investors.

iShares GSCI Commodity Dynamic Roll Strategy ETF Stock Performance

Shares of COMT stock opened at $35.47 on Tuesday. The stock’s 50 day simple moving average is $33.14 and its 200 day simple moving average is $28.80. iShares GSCI Commodity Dynamic Roll Strategy ETF has a twelve month low of $24.24 and a twelve month high of $36.51. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -17.14 and a beta of 0.10.

About iShares GSCI Commodity Dynamic Roll Strategy ETF

The iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) is an exchange-traded fund that is based on the S&P GSCI Dynamic Roll index. The fund tracks a broad-market commodity index that utilizes a flexible dynamic roll strategy. COMT was launched on Oct 16, 2014 and is managed by BlackRock.